§ 64.2-779.3 Application; governing law
This article applies to a trust created before, on, or after July 1, 2017, that:
1. Has its principal place of administration in the Commonwealth, including a trust whose principal place of administration has been changed to the Commonwealth; or
2. Provides by its trust instrument that it is governed by the law of the Commonwealth or is governed by the law of the Commonwealth for the purpose of: a. Administration, including administration of a trust whose governing law for purposes of administration has been changed to the law of the Commonwealth; b. Construction of terms of the trust; or c. Determining the meaning or effect of terms of the trust.
History
This law was first created in 2017. The record of its establishment is cataloged in chapter 592 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
2017, c. 592.